How to Lend PAX Gold (PAXG) in the UK

Introduction

Lending PAX Gold can be an excellent option for those who wish to hold PAXG while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain PAX Gold (PAXG) Tokens

   To lend PAX Gold, you need to possess it. To obtain PAX Gold, you'll need to purchase it. You can choose from these popular exchanges in the UK.

   Platform	Coin	Price
   Nexo	PAX Gold (PAXG)	3,335.5
   YouHodler	PAX Gold (PAXG)	3,337.92
   Binance	PAX Gold (PAXG)	3,338.74
   Coinbase	PAX Gold (PAXG)	3,338.11
   Kraken	PAX Gold (PAXG)	3,337.5
   Luno	PAX Gold (PAXG)	3,411

   View all 44 prices

2. 2. Choose a PAX Gold Lender in the UK

   Once you have PAXG, you'll need to choose a PAX Gold lending platform to lend your tokens. You can see some options here.

   Platform	Coin	AER
   Nexo	PAX Gold (PAXG)	Up to 7% AER
   YouHodler	PAX Gold (PAXG)	Up to 12% AER
   Gemini	PAX Gold (PAXG)	Up to 0.01% AER
   Kucoin	PAX Gold (PAXG)	Up to 0.28% AER

   View all 7 loan rates

3. 3. Lend Your PAX Gold

   Once you've chosen a platform to lend your PAX Gold, transfer your PAX Gold into your wallet on the lending platform. Once it's deposited, it will start earning AER. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn AER

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.